- The S&P/ASX 200 closed 0.21% up on Thursday (15 September 2022).
- Despite the gain in the benchmark index, majority of the significant sectors closed in red today.
- Energy and Financial sectors led the gaining streak on ASX.
- The S&P/ASX 200 Energy sector ended the trading session 3.719% stronger on ASX today.
Even after the benchmark S&P/ASX 200 index (INDEXASX:XJO) ended in the green zone today (15 September 2022), nine out of eleven significant sectors closed weak on ASX. Energy and Financial sectors managed to post some gains.
The S&P/ASX 200 Energy sector (INDEXASX:XEJ) closed today’s trading session 3.719% stronger at 11,003.9 points after gaining 394.6 points on ASX.
This article primarily features five leading ASX-listed uranium stocks- Paladin Energy Limited (ASX:PDN), Boss Energy Ltd (ASX:BOE), Energy Resources of Australia Limited (ASX:ERA), Berkeley Energia Limited (ASX:BKY), Lotus Resources Limited (ASX:LOT).
Paladin Energy Ltd (ASX:PDN)
The shares of the leading energy company Paladin Energy Limited (ASX:PDN) closed tad higher on ASX on Thursday. Paladin’s closing share price was AU$0.900 per share, up 0.558%.
In the last 12 months, Paladin’s share price has fallen almost by 12% on ASX. The company’s YTD-based share price fell over 5.26% (as of 4:10 PM AEST on ASX today).
Paladin recently came up with its quarterly cash flow report for the March 2022 quarter (Q4 FY22) ended on 30 June 2022. Following are the key highlights from Paladin’s Q4 FY22 cash flow results:
- In the March 2022 quarter, Paladin delivered US$1,224,000 of net cash flow from operating activities. The company delivered a net cash flow of US$6,794,000 from operating activities in the full year FY22.
- Paladin has generated US$11,959,000 from investing activities in FY22 and US$1,108,000 in Q4 FY22.
- The uranium explorer has generated US$157,396 from financing activities in FY22 and US$156,778 in Q4 FY22.
- Paladin reported a cash and cash equivalent worth US$177,066,000 at the end of FY22.
Boss Energy Ltd (ASX:BOE)
Australian uranium developer Boss Energy Ltd (ASX:BOE) shares closed marginally higher on ASX today. By the end of today’s trading session, Boss Energy’s share price stood at AU$2.910 per share after gaining 0.344% on ASX.
Over the last 12 months, Boss Energy’s share price has gained significantly by almost 756% on ASX. Its year-to-date-based share price has appreciated by almost 19% (as of 4:10 PM AEST on ASX today).
Boss Energy shared its FY22 cash flow report on ASX recently. In its FY22 cash flow report, the uranium explorer said that it generated AU$865,000 of net cash from operating activities in Q4 FY22 and AU$4,349,000 in FY22.
Boss Energy has reported AU$1,674,000 as net cash from investing activities in the March 2022 quarter (Q4 FY22) and AU$2,751,000 in FY22 ended on 30 June 2022.
On the other hand, the company generated AU$29,160,000 net cash from financing activities in Q4 FY22 and AU$118,863,000 in FY22.
At the end of FY22, Boss Energy had an unrestricted deposit of cash and cash equivalents worth AU$132,643,000 with itself.
Image source: © Johncarnemolla | Megapixl.com
Energy Resources of Australia Limited (ASX:ERA)
Australian uranium mining company Energy Resources of Australia Limited (ASX:ERA) shares ended Thursday’s trading session at AU$0.240 per share on ASX.
Within the period of an year, Energy Resources’ share price has dropped by almost 49% on ASX. Furthermore, the company’s YTD-based share price fell over 31% (as of 4:10 PM AEST on ASX today).
On 30 August 2022, Energy Resources announced its half-yearly results for the period ended on 30 June 2022 on ASX. During this period, the company’s sales volume was 242 tonnes, including the sale of uranium oxide inventories in May 2022.
The company reported a net loss of AU$34 million in the given period, reflecting lower sales volume and higher non-cash expenses. ERA’s cash outflow from operating activities was worth AU$34 million from operating activities and AU$80 million expenditure on rehabilitation activities in the first half of 2022 (H1 FY22).
The company’s rehabilitation provision as of 30 June 2022 was worth AU$1,218 million.
Berkeley Energia Limited (ASX:BKY)
Shares of Australian uranium explorer and developer Berkeley Energia Limited (ASX:BKY) ended today’s trading session 1.562% lower at AU$0.315 per share on ASX.
Berkeley’s share price has marked a loss of over 7% on ASX in the last 12 months. On the contrary, the uranium explorer’s YTD-based share price gained over 31% (as of 4:10 PM AEST on ASX today).
Berkeley reported the following in the fourth quarterly report of FY22 (Q4 FY22) ended on 30 June 2022:
- In the given period, Berkeley has successfully completed the appointment of a Spain-based Director. The company appointed Francisco Bellón as an Executive Director of Berkeley. Bellón is a Mining Engineer with over 25 years of experience in the resources sector, including a specialisation in mineral processing.
- Berkeley reported that the outlook for nuclear power and the uranium market became further strong during the quarter, with several important developments; one such event was when the European Parliament voted to reject objections to include natural gas and nuclear power in its taxonomy plan, which was subjected to extensive debate since late 2021.
- At the end of FY22, the company was found to be in a strong financial position with a cash reserve of AU$80 million and zero debt.
Image source: © Lovelyday12 | Megapixl.com
Lotus Resources Limited (ASX:LOT)
Uranium resource developer Lotus Resources Limited (ASX:LOT) shares closed Thursday’s trading session at AU$0.255 per share on ASX.
The share price of Lotus has marked a loss of over 20% on ASX in a year’s time. Furthermore, on a YTD basis, Lotus’ share price fell by 20.31% (as of 4:10 PM AEST on ASX today).
In a recent update, Lotus has announced that it has successfully completed an institutional placement to raise AU$25 million at an offer price of AU$0.24 per share.
Lotus will be utilising the raised fund in the following ways:
- The raised fund is supposed to support the development of the Kayelekera Project, including the finalisation of the Mine Development Agreement, carrying out offtake negotiation, Front End Engineering Design work, and financing of the project until a Final Investment Decision is taken.
- Financing the final instalment of rehabilitation bond repayment to Paladin Energy Limited (ASX:PDN) in March 2023.
- Lastly, the raised fund will be used for general expenses such as maintenance and corporate cost for at least 18 months.
After the completion of the placement, the company will be well-funded with approximately AU$28 million in unrestricted cash.